CIBC Asset Management Inc Raises Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

CIBC Asset Management Inc lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,753 shares of the aerospace company’s stock after purchasing an additional 414 shares during the quarter. CIBC Asset Management Inc’s holdings in Huntington Ingalls Industries were worth $1,521,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC grew its stake in shares of Huntington Ingalls Industries by 90.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,917 shares of the aerospace company’s stock worth $3,182,000 after buying an additional 5,170 shares in the last quarter. UniSuper Management Pty Ltd grew its position in Huntington Ingalls Industries by 533.7% in the first quarter. UniSuper Management Pty Ltd now owns 3,606 shares of the aerospace company’s stock worth $1,051,000 after acquiring an additional 3,037 shares in the last quarter. Bessemer Group Inc. grew its position in Huntington Ingalls Industries by 372.5% in the first quarter. Bessemer Group Inc. now owns 7,144 shares of the aerospace company’s stock worth $2,082,000 after acquiring an additional 5,632 shares in the last quarter. National Bank of Canada FI increased its stake in Huntington Ingalls Industries by 594.3% during the first quarter. National Bank of Canada FI now owns 64,334 shares of the aerospace company’s stock worth $18,751,000 after acquiring an additional 55,068 shares during the last quarter. Finally, Pitcairn Co. raised its position in Huntington Ingalls Industries by 5.3% during the first quarter. Pitcairn Co. now owns 1,056 shares of the aerospace company’s stock valued at $308,000 after purchasing an additional 53 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HII. The Goldman Sachs Group dropped their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Bank of America lowered their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. Finally, Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Stock Down 2.4 %

Shares of NYSE HII opened at $191.61 on Wednesday. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.76 and a beta of 0.55. The stock has a 50 day moving average price of $242.21 and a 200 day moving average price of $252.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. Huntington Ingalls Industries’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.70 EPS. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 14.92 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is presently 29.36%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.